Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

The Ministry of Finance (MoF) has issued a notification revising the performance security deposits for tenders to 3% of the contract value from the previous range of 5%-10%. This move ...
MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

The Ministry of New and Renewable Energy (MNRE) has clarified its stand on the release of performance bank guarantees (PBGs) to developers. The government earlier announced that the supply chain ...
Power Ministry Imposes Cyber Security Measures on Imported Power Supply Components

Power Ministry Imposes Cyber Security Measures on Imported Power Supply Components

The Ministry of Power (MoP) has issued a notice mandating all power supply system equipment, components, and parts imported into the country must pass through a check for harmful embedded ...